AEW Capital Acquires Medical Office In Lake Worth For $15M
7408 Lake Worth Road, Lake Worth, Florida 33467, United States
$15,000,000
$471/SF
Building Size
31,847 SF
Asset Type
—
Closing
Jan 6, 2022
About this deal
AI
The medical office property located at 7408 Lake Worth Road in Lake Worth has been sold for a transaction amount of $15,000,000. The property spans across 1.8 acres and offers a total area of 31,847 square feet. The sale price amounts to $471 per square foot.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $15,000,000
- Address: 7408 Lake Worth Road, Lake Worth
- Market: Lake Worth
- Acreage: 1.8 acres
The buyer of the property was AEW Capital, while the seller was PrimeMed Realty represented by Christopher Montello & Ofer Stark.
Players
Lake Worth CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93